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Arizona’s Crypto Reserve Fund Bill Passes Senate Finance Committee ⚖️💰
Arizona’s groundbreaking bill to establish a strategic Bitcoin and crypto reserve fund has successfully passed through the Senate Finance Committee. The legislation aims to allocate state funds into Bitcoin and other cryptocurrencies, positioning Arizona as a pioneer in blockchain adoption at the government level.
The bill proposes creating a dedicated reserve fund to diversify the state's assets with digital currencies, potentially boosting local economic growth and attracting blockchain businesses. Supporters argue that this move could enhance financial resilience and modernize state treasury operations. Critics, however, express concerns over volatility and regulatory risks. If passed into law, Arizona could become a model for other states to follow.
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